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WeissLaw LLP: CBL Associates Properties, Inc. is the Subject of a Legal Investigation

03/05/2020 | 03:36pm

NEW YORK, March 5, 2020 /PRNewswire/ -- WeissLaw LLP, a national class action and shareholders' rights law firm with offices in New York, California and Georgia, announces an investigation of the Board of Directors and executives of CBL Associates Properties, Inc. (NYSE: CBL) ("CBL" or the "Company"), for possible breaches of fiduciary duty and other violations of law in connection with their unlawful concealment of (and the lack of proper internal controls resulting in) the payment by CBL of the uninsured sum of $90 million in settlement of claims of racketeering for overcharging retail tenants.  The full misconduct was disclosed on March 26, 2019, when CBL filed a Form 8-K with the SEC containing a press release containing the information.

If you own CBL shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/cbl-associates-properties-inc/

Or please contact:

Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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SOURCE WeissLaw LLP

PRNewswire 2020
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